Nippon India ETF Nifty Next 50 Junior BeES

About Nippon India ETF Nifty Next 50 Junior BeES

Nippon India ETF Nifty Next 50 Junior BeES is a equity mutual fund scheme of Nippon India Mutual Fund. Launched on February 21, 2003, it is currently managed by Himanshu Mange. The fund has an expense ratio of 0.17% with an overall AUM (Assets Under Management) of ₹7,287 Cr.

Nippon India ETF Nifty Next 50 Junior BeES is mandated to invest at least 80 per cent of its assets in large-cap stocks at all times. Being passively managed, it replicates the portfolio of its chosen benchmark index. The fund allows minimum lumpsum investment of ₹1,000 and minimum SIP of ₹--.

Investment Strategy

The scheme aims to provide returns that closely correspond to the returns of securities as represented by the Nifty Next 50 Index, subject to tracking error. It will invest at least 90% of its total assets in the stocks of its corresponding underlying index.

Suitability

Large-cap funds are suitable for investors:

• Seeking exposure in large-cap stocks for moderately high returns
• Aiming for long-term wealth creation
• With a 5+ year investment horizon
• Who are at ease with the market's ups and downs

Note:

• Invest only through SIP
• Being passively managed, the fund replicates the portfolio of its chosen benchmark index